For Sale
$6,900,000

125 White Spruce Blvd Rochester, NY 14623

Value-add shopping center, high growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
Southview Commons, a 45,085 square foot Class B shopping center in Rochester, NY, presents a compelling value-add investment opportunity. Located at 125 White Spruce Blvd, in Monroe County, this multi-tenant property boasts a 5.66% cap rate and a current NOI of $390,592, based on an asking price of $6,900,000 ($153.04/sq ft). Currently 57% occupied, the center offers a mix of retail, office, and flex/showroom spaces. Its prime location in a densely populated area of suburban Rochester offers superior access to expressways and is surrounded by a vibrant mix of office parks, hotels, multi-family residential, additional retail amenities, Monroe Community College, and the University of Rochester Medical Center (Strong). This presents a unique chance to capitalize on a strong location and increase occupancy to maximize returns. The property's diverse tenant mix and flexible space options provide significant upside potential for a savvy investor seeking to enhance value and generate substantial income. The address is 125 White Spruce Blvd, Rochester, NY 14623.

Highlights

  • $6,900,000 asking price for a value-add opportunity.
  • 45,085 square foot Class B shopping center in Rochester, NY.
  • 5.66% cap rate with a $390,592 NOI.
  • 57% occupancy in a multi-tenant retail building.
  • $153.04 price per square foot.

Property Details for 125 White Spruce Blvd

Property type
Lifestyle centers, Power centers
Square Feet
45,085 SF
Class
B

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.105017501451
Longitude
-77.618345192598

FAQs

What type of property is this?
Lifestyle center - Value-add shopping center, high growth potential.
Where is the lifestyle center located?
The property is located at 125 White Spruce Blvd Rochester, NY.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: $6,900,000 asking price for a value-add opportunity.; 45,085 square foot Class B shopping center in Rochester, NY.; 5.66% cap rate with a $390,592 NOI.
How can I contact the broker?
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125 White Spruce Blvd
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